Ms. Akiko Levinson reports
IRVING RESOURCES ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Irving Resources Inc. has closed the final tranche of its non-brokered private placement announced in the company's news releases of Jan. 22 and Jan. 26, 2026. The company raised gross proceeds of $1,775,000 in tranche 2 through the issuance of 7.1 million units at a price of 25 cents per unit. In total, gross proceeds of $3,925,000 were raised under the private placement by the issuance of 15.7 million units. Each unit consisted of one common share of the company and one-half of one transferable share purchase warrant, with each warrant entitling the holder to purchase one share for a period of three years from the date of issuance at a price of 35 cents per share.
The company paid finders' fees totalling $51,600 and issued 86,400 units in connection with tranche 2. Each finder's unit consisted of one share and one-half of one non-transferable share purchase warrant, with each finder's warrant entitling the holder to purchase one share for a period of three years from the date of issuance at a price of 35 cents per share. All securities issued by the company in tranche 2 are subject to a hold period expiring on June 25, 2026.
About Irving Resources Inc.
Irving is a junior exploration company with a focus on gold in Japan. Irving resulted from completion of a plan of arrangement involving Irving, Gold Canyon Resources Inc. and First Mining Finance Corp.
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